Life
insurance was the largest segment in the Mexican insurance industry in 2012,
accounting for 46.0% of the industry’s written premiums. Led by sustained
economic growth and favorable demographics, the segment expanded at a
review-period CAGR of 10.2%, increasing from MXN92.7 billion (US$8.4 billion) in
2008 to MXN136.6 billion (US$10.4 billion) in 2012. This growth was higher than
the average GDP growth of 1.7% during the review period (2008–2012).
Bancassurance was the most popular channel for distributing pension products
and other savings-type life insurance products with post-retirement benefits in
2012. Sustainable GDP growth, the growing middle-class population, increased
foreign participation and product development will lead to a rise in awareness
and demand for life insurance products. There is also a perceived need for
innovation in both product design and distribution.

Scope

This
report provides a comprehensive analysis of the life insurance segment in
Mexico:

·It provides
historical values for Mexico’s life insurance segment for the report’s
2008–2012 review period and forecast figures for the 2012–2017 forecast period

·It offers a
detailed analysis of the key sub-segments in Mexico’s life insurance segment,
along with forecasts until 2017

·It covers an
exhaustive list of parameters, including written premium, incurred loss, loss
ratio, commissions and expenses, combined ratio, frauds and crimes, total
assets, total investment income and retentions

·It analyses the
various distribution channels for life insurance products in Mexico